Crypto Market Records Minor Drop Amid Overall Neutral Sentiment

The global crypto landscape has seen a slight dip, indicating a continued downturn. Specifically, the cumulative crypto market capitalization has witnessed a 1.20% decrease to reach $3.2T. However, the 24-hour crypto volume shows a 41.76% increase, touching the $114.44B in total. Simultaneously, the crypto Fear & Greed index accounts for 43 points, presenting a neutral status.

Bitcoin and Ethereum Drop by 0.87% and 3.24%

Bitcoin ($BTC) has experienced a minor dip of 0.87% over the past twenty-four hours as its price has dropped to $103,435.32. Additionally, Bitcoin has a market dominance of nearly 64.2%. Along with that, Ethereum ($ETH) is now trading at $2,425.62 following a 3.24% decline in its price. Parallel to this, its market dominance currently stands at up to 9.1%.

$SWOL, $AURA, and $DOGO Lead Crypto Gainers of Day

Apart from that, the top daily crypto gainers take into account Snowy Ow­l ($SWOL), aura ($AURA), and DOGO ($DOGO). In this respect, $SWOL has jumped by 3211.52% to touch the $0.0002385 mark in terms of price. Following that, $AURA has seen a 1129.33% rise to $0.00003154. Subsequently, with a 718.02% increase $DOGO is changing hands at $0.000001572.

DeFi TVL Plunges by 2.54% and NFT Sales Volume Dips by 2.11%

Amid the broader crypto dip, the DeFi TVL has also dropped by 2.54%, touching the $109.962B. Particularly, AAVE enjoys the top position among DeFi protocols as its TVL stands the peak point of $24.705B. Nevertheless, while keeping in view the 24-hour TVL change, HipPoWSwap accounts for a 15775175% surge, claiming the top spot.

Simultaneously, the NFT sales volume has also declined by 2.11% to reach the $13,937,344 mark. Guild of Guardians Heroes is the top NFT collection, accounting for $1,867,800 in sales volume after a 1.20% upsurge.

U.S. Pushes Fed Cuts as Texas Protects Bitcoin ($BTC)

Amid this market outlook, the worldwide crypto sector is also seeing several important developments. Particularly, Trump has persuaded the U.S. Fed to cut rates to 1-2% while expressing regret for appointing Powell as the Chair.

Moreover, the Texas government has signed an exclusive law called “House Bill 4488” to protect the $BTC reserves as well as crypto holdings. Furthermore, Semler Scientific has disclosed its strategy to amass $105,000 in $BTC holdings by 2027.